EPS for Progress Software Corporation (PRGS) Expected At $0.38

March 10, 2018 - By Adrian Erickson

 EPS for Progress Software Corporation (PRGS) Expected At $0.38
Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.35, from 1.49 in 2017Q2. It turned negative, as 17 investors sold Progress Software Corporation shares while 69 reduced holdings. 37 funds opened positions while 61 raised stakes. 43.39 million shares or 0.11% more from 43.35 million shares in 2017Q2 were reported.
Boston Advisors Limited Co has 25,200 shares for 0.02% of their portfolio. Teachers Retirement Systems Of The State Of Kentucky invested in 14,500 shares or 0.01% of the stock. Profund Advsrs Ltd Liability Corp stated it has 0.01% in Progress Software Corporation (NASDAQ:PRGS). Royal Bancshares Of Canada, a Ontario – Canada-based fund reported 44,505 shares. Bankshares Of Montreal Can has 0% invested in Progress Software Corporation (NASDAQ:PRGS) for 73,022 shares. Pub Sector Pension Investment Board invested 0.01% of its portfolio in Progress Software Corporation (NASDAQ:PRGS). Global Endowment Mgmt Ltd Partnership, a North Carolina-based fund reported 14,270 shares. 252 are held by Envestnet Asset Inc. 946 were reported by Loomis Sayles And Com Limited Partnership. Principal Financial Group Incorporated owns 375,857 shares. Nj State Employees Deferred Compensation Plan holds 15,000 shares or 0.1% of its portfolio. State Of Tennessee Treasury Department stated it has 0.01% in Progress Software Corporation (NASDAQ:PRGS). Td Asset Management Inc has 0.01% invested in Progress Software Corporation (NASDAQ:PRGS) for 89,600 shares. Ajo Ltd Partnership owns 391,953 shares. Piermont Capital Mgmt Inc holds 83,042 shares or 1.05% of its portfolio.

Analysts expect Progress Software Corporation (NASDAQ:PRGS) to report $0.38 EPS on April, 4.They anticipate $0.07 EPS change or 22.58 % from last quarter’s $0.31 EPS. PRGS’s profit would be $17.63 million giving it 26.57 P/E if the $0.38 EPS is correct. After having $0.60 EPS previously, Progress Software Corporation’s analysts see -36.67 % EPS growth. The stock increased 4.05% or $1.57 during the last trading session, reaching $40.38. About 1.15M shares traded or 134.55% up from the average. Progress Software Corporation (NASDAQ:PRGS) has risen 15.05% since March 11, 2017 and is uptrending. It has underperformed by 1.65% the S&P500.

Progress Software Corporation (NASDAQ:PRGS) Ratings Coverage

Among 3 analysts covering Progress Software Corporation (NASDAQ:PRGS), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Progress Software Corporation had 13 analyst reports since October 2, 2015 according to SRatingsIntel. Wedbush maintained the stock with “Neutral” rating in Wednesday, January 18 report. The rating was maintained by Benchmark with “Buy” on Thursday, January 11. The firm earned “Neutral” rating on Tuesday, September 13 by Ladenburg Thalmann. The stock of Progress Software Corporation (NASDAQ:PRGS) has “Buy” rating given on Tuesday, January 2 by Benchmark. Benchmark downgraded the stock to “Sell” rating in Thursday, March 8 report. Wedbush maintained Progress Software Corporation (NASDAQ:PRGS) on Friday, June 24 with “Neutral” rating. Benchmark maintained the stock with “Buy” rating in Wednesday, January 18 report. The firm has “Buy” rating by Benchmark given on Monday, January 18. The rating was maintained by Wedbush with “Neutral” on Friday, October 2. The company was maintained on Friday, January 15 by Benchmark.

Progress Software Corporation provides software solutions for various industries worldwide. The company has market cap of $1.87 billion. The Company’s OpenEdge segment offers Progress OpenEdge, a development software, which manufactures multi-language applications for secure deployment across various platforms and devices, as well as cloud; and Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities. It has a 52.44 P/E ratio. The companyÂ’s Data Connectivity and Integration segment provides Progress DataDirect Connect software, which offers data connectivity using industry-standard interfaces to connect applications running on various platforms; and Progress DataDirect Cloud, a software-as-a-service based connection management service that simplifies SQL access to a spectrum of cloud data sources through a single standards interface.

More recent Progress Software Corporation (NASDAQ:PRGS) news were published by: Streetinsider.com which released: “Form 8-K PROGRESS SOFTWARE CORP For: Mar 06” on March 06, 2018. Also Seekingalpha.com published the news titled: “Here’s Why Praesidium Sold Its $200 Million Stake In Progress Software” on March 08, 2018. Nasdaq.com‘s news article titled: “Zacks.com featured highlights include: Marriott, Grand Canyon, Daqo New …” with publication date: March 07, 2018 was also an interesting one.

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